Selling Swing: selling 1/2 GLD 131 next week calls at 1.28-.
Posted: Fri Jan 28, 2011 12:41 pm
Selling Swing: selling 1/2 GLD 131 next week calls at 1.28-.20 area from .45 so up to 184% pure profit BIG SMILES and shorting AAPL 330 next week puts at 2.60.50 area OVERSIZED with mental stop on the short on puts at 3.25. There is no significant intraday positives on AAPL nor are there significant negatives on GOLD rather am here positioning for the possible intraday market bounce and gold shake, will watch gold closely to add further bullish positions if strength reemerges. things are slowing here so feel it best to have both possibilities in play. Remember the GLD position was twice my usual single entry so still hold a oversized stake.